April , 2005

Calkain Realty Advisors, Inc. Sets Fast Pace in First Quarter of Operations
Averages Nearly One Transaction Per Week Since Opening
Source: Yahoo Financial | By Jerry Daly or Carol McCune

RESTON, Va., April 18, 2005--Calkain Realty Advisors, Inc., a newly formed, national real estate brokerage firm focused on single tenant, net lease real estate transactions, announced today that it averaged approximately one transaction closing per week since it opened mid-way through the 2005 first quarter. The fast pace exceeded the new company’s internal projections.

“The transactions we completed in the first quarter included retail, restaurant, and industrial, our core strengths,” said Jonathan Hipp, President. “We were particularly gratified with the geographic diversity of our transactions, which included both conventional and 1031 exchange buyers. Our initial transactions reflect our reach and specialties.”

Key transactions in the first quarter included:

• Advance Auto Portfolio VA and MD
• Children of America Center Fredericksburg, VA
• IHOP Warrenton, VA
• Staples Superstore Russellville, AR
• TruGreen ChemLawn Industrial Center Sterling, VA
• Wachovia Bank Center Mount Airy, NC

“The pace of listing and sales is accelerating as we get settled into our new office,” Hipp
pointed out. He noted that although interest rates edged up in the first quarter, it had no apparent impact on buyer activity. “It is still a seller’s market, but there are solid values available with attractive returns for buyers. We do not see any weak markets or segments at this time; buyer interest is high across the board.”

Hipp said that in an effort to ensure enhanced client service, the company will expand its staffing. Most recently, Calkain reinforced this commitment to customer satisfaction by hiring a research analyst, to add more depth in identifying trends and local market issues. “We continue to explore opportunities to open additional offices to geographically diversify, but we are under no pressure to expand for the sake of expansion. We remain on target to become one of the nation’s leading net lease real estate organizations in our first year of operation.”

Founded in 2005, Calkain Realty Advisors is a privately held commercial real estate firm, specializing in net lease transactions. Additional information about the firm and its listings may be found at www.calkain.com.

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